Knight Frank India, a
property consultancy company recently signed a memorandum of understanding with
the Federation of Indian Chambers of Commerce & Industry (FICCI) to launch
real estate sentiment tracker in India.
The quarterly report,
which will be released later this year (2013), will be designed to capture the
developer’s perspective on the real estate market conditions, said Mr. Shishir
Baijal, country head and Managing Director, Knight Frank India.
“Through this
initiative we wish to bridge the gap between developers & the end consumer and bring them on to a
common platform wherein the latter is in complete knowledge of what to expect
of the current market” he said.
Mr. Samantak Das,
Chief Economist, Director - Research & Advisory Serv-ices, and Knight Frank
India said, “The real estate sentiment index will capture the perceptions and
expectations of the industry leaders in order to measure the current and future
market sentiments.”
This index will gauge
the short-term future trend of launches, sales volume, price & credit
availability for the Indian residential & office space market.”
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